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Bitcoin (BTC) Cannot Stall The Next Big Move For Long

Bitcoin (BTC) cannot stall the next decisive move for long. We can see on the daily chart for BTC/USD that the price has already run into a key trend line resistance. This used to be an important trend line support but when the price broke below it in December, 2019 to continue its decline towards $3.2k, it became a strong resistance. This is the first time after all that time that BTC/USD has tested this trend line as resistance. While the majority of the market is still rooting for a bullish continuation, it may be time to look the other...

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“Bitcoin is very much at the start of a bull run” - Kraken Director 

Dan Held recently made an appearance on The Breakdown podcast where he spoke on what’s changed since the last time bitcoin was up to $10,000. Held specifically talked on what the price is reflecting in the industry and said that the aggregate belief in what its value is can be is somewhat subjective. Earlier this week the prominent and popular crypto commentator, Anthony Pompliano spoke on the leading cryptocurrency following its surge up to $10,000 on the 9th of February. In his opinion, this is just the start of the flagship cryptocurrency being able to reach $100,000 by 2021. Around...

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Sally Ho's Technical Analysis 15 February 2020 BTC ETH

Bitcoin (BTC/USD) appreciated early in today’s Asian session as the pair gained ground to the 10373.39 area after finding buying demand around the 10102.50 area during yesterday’s European session.  The pair had earlier traded as high as the 10395.66 area before retreating during the North American session.  This intraday high was just below the 10397.09 area, an upside price objective that became technically relevant when bids emerged around 8880.87 level following upside pressure that lifted the market from the 6430.00 area.  Traders continue to evaluate the pair’s recent upside progress within the context of important technical levels derived from important...

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Can Ethereum (ETH) Sustain Its Bullish Impetus? 

Ethereum (ETH) has run into an important trend line resistance at a time when everyone is hoping for the beginning of a new bullish cycle. This trend line has previously seen the price begin a major downtrend after rejection. We can also see on the weekly chart for ETH/USD that this trend line was an important support when it was broken in 2018 and Ethereum then formally entered a bear market. This trend line is what stands between Ethereum (ETH) and the next potential uptrend. However, please be advised that the market makers and the whales would try their best...

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Bitcoin (BTC) May Be Close To The Beginning Of A Major Downtrend 

Bitcoin (BTC) seems to be on the verge of a major downtrend. The daily chart for BTC/USD shows that the price has run into resistance at the key 61.8% fib retracement level and now risks a decline below the rising wedge. Bullish euphoria can be seen in the market as investors look for a rally to the moon before the upcoming halving. Meanwhile, the Coronavirus situation in China seems to be worsening as the outbreak is spreading to other parts of the world. There is a total of 64,456 cases now worldwide which have so far claimed 1,384 lives. This...

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